State economic index hits highest level since 2008

South Carolina’s leading index of economic indicators in February reached its highest value since 2008, according to a recent report by the state Department of Commerce.

The index — which looks at economic factors such as personal income, employment and home sales — reached 100.76, up 0.31 point from the previous month.

The index has been above 100 for 15 months and has consistently forecast positive growth, according to the report.

“South Carolina’s economic outlook is strong,” said S.C. Commerce Secretary Bobby Hitt. “From being a global leader in manufacturing to having thriving aerospace, automotive and tire industries, the Palmetto State is solidifying its reputation for being a state of business that offers a world of opportunity.”

Hitt noted that South Carolina has added 21,000 jobs and recruited more than $9 billion in investment since January 2011.